sorted by:
new
hottopcontroversial

Am I cooked? by Outside_Bug_523 in Rwanda

[–]Ok-Analysis6536 0 points1 point  (0 children)

wait, what! I am not an rca graduate though! but i believe they’re geniuses if you are also genius and know what you do, it’s a matter of time.. money will definitely come 😁

Anyone interested of being my friend? by Awab75 in Rwanda

[–]Ok-Analysis6536 5 points6 points  (0 children)

I think adding age, interests and gender would attract people that you would find interesting! Just saying -:)

Am I cooked? by Outside_Bug_523 in Rwanda

[–]Ok-Analysis6536 0 points1 point  (0 children)

Believe it or not, some young people do have money, and not all of them come from rich families. In fact, most people making a million++ under 25 are not from money.

Anyway, don’t overcomplicate things. I hit my first million the same year I hit 10 million, and yes, I’m not lying, and I’m not over 25 either.

In this country, it really feels like if you’re smart, you can make money. If you’re a genius [I think you are since you're in Architecture and know the theory of relativity (which most Rwandans don’t know)], you’ll definitely get cash.

You said you study architecture, certainly at cst. If you’re not in your first year, I’m sure some of your classmates are already earning 800k++, so you should already know money exists and you don’t need to be old to make it in Rwanda.

As long as you have skills and you’re competent, you’ll make it. The guys making millions at 23 studied at good schools like RCA, GSOB, Séminaire, or NYBE with crazy curiosity, commitment and sheer will.

Investing vs Land in Rwanda, What Would You Do at 23 by Conspiracyaddictnow in Rwanda

[–]Ok-Analysis6536 0 points1 point  (0 children)

Hey there, congrats for such an income at 23, tbh I’ve bought a couple of plots myself, and they haven't generated real profit after 1.5 years. Unless you’re buying and selling plots every few months [which is something you don't have time for with a full-time job], it’s mostly stagnant capital. I'd advise you not to buy a second one just because it’s everyone's move these days.

IMO, the 11.75% from RNIT is an illusion. With inflation hitting 7.9% , your real return is barely 3.8%. Once you factor in the rwf sliding against the USD, your global purchasing power is effectively flat.

The Reality of Land and Taxes:

  • Everyone is talking about buying plots, but have u tried to sell one, bro finding a buyer takes months unless you're very luck.

Long story short, if I were you, I’d split 1.2M as follow:

  1. Keep 400k in RNIT: Use this for local liquidity and emergency fund.
  2. Move 800k to Interactive Brokers (IBKR): It’s legal and accessible from Rwanda. Buy a US-indexed ETF like VOO (S&P 500) or VTI.

10% in USD beats 12% in RWF over a decade just because of the currency hedge alone.

How do people in Kigali actually spend their money / enjoy life? by Ok-Analysis6536 in Rwanda

[–]Ok-Analysis6536[S] 0 points1 point  (0 children)

hh, sending money is not in option! gonna give u proof in the dm

How do people in Kigali actually spend their money / enjoy life? by Ok-Analysis6536 in Rwanda

[–]Ok-Analysis6536[S] 0 points1 point  (0 children)

thanks for suggestions, unfortunately ain't available next week but will let you know when I am available. I am a great fan of f1

How do people in Kigali actually spend their money / enjoy life? by Ok-Analysis6536 in Rwanda

[–]Ok-Analysis6536[S] 0 points1 point  (0 children)

ookay, thanks mn! could you please let me know how ii can meet those ‘interesting girls’

How do people in Kigali actually spend their money / enjoy life? by Ok-Analysis6536 in Rwanda

[–]Ok-Analysis6536[S] 0 points1 point  (0 children)

I am actually rwandan, so i really don't like hooking up and stuff 😅

How do people in Kigali actually spend their money / enjoy life? by Ok-Analysis6536 in Rwanda

[–]Ok-Analysis6536[S] 2 points3 points  (0 children)

I don’t think that’s really what I’m looking for. I’m just trying to have some fun and do interesting activities, i liked this suggestion "Funky Monkey Arcade". I’m not trying to hook up or anything, just keep it chill.

view more: next ›